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Just posted Sino Grandness Food Ind which is the nearest comparing to Yamada Green.
Just putting some effort to share my thot.
teeth53 ( Date: 08-Oct-2010 21:42) Posted:
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For more info on Yamada Green (Pls click to page 28 to 29) http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/2A3DD88476249113482577AD0014606E/$File/Amended%20Prospectus%20(20100929).pdf
Assuming the net profit increased by more than 60% in FY2010, the net profit will be RMB about 130m.
It translate into a EPS of about 0.06.5c Singapore cents. Based on the IPO price of 22c, it is priced at a prospective PE Ratio is about 3.7x tranlated to even lower' priced.
Sino Grandness Food Industry is a manufacturer and supplier of canned fruits and vegetablesIts main products are canned asparagus, long beans, mushrooms as well as others (including bamboo shoots, sweet corn, chillies and fruits such as lychees, pineapples and peaches. http://sg.uobkayhian.com/page/site/public/english/pdf/IPO_Sino1119.pdf
Issue Statistics
Offer: 70.0m new shares + 15.52m vendor shares - Placement Tranche – 83.52m sharesPrice:
S$0.29 NTA per share (post IPO): S$0.176Historical PE:
4.9x (FY08) Market Cap (post-IPO): S$71.1mOpen:
13 Nov 2009 Close: 19 Nov 2009, 12.00 noon Trading: 23 Nov 2009 (on “ready” basis)Lead Manager: Collins Stewart
Date: 07-Oct-2010 20:11
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Posted: Look like it going to stay floating above water with much to spare on it 1st trading day. Over subscribed by about 5.3 times. |
| Today 08-Oct-2010. Yamada closed at | 0.370c | volume-140,972,000 |
and now trading cross 0.40cents
| Yamada | CPF | 0.360c | 0.410c | 0.000 | 0.0 | vol-84,999,000 | 3,483,000 | 0.405 | 0.410 | 1,775,000 |
| susan66 Senior |
Posted: 08-Oct-2010 10:17 |
teeth53
- Ya...
, agree for all, it is very steady now at 395c to 0.40c.
Now trading toward beyond 0.40c.
| Yamada | CPF | 0.360 | 0.400 | 0.000 | 0.0 | vol-69,449,000 | 4,161,000 | 0.395 | 0.400 | 977,000 | 0.405c | 0.355c |
| 09:58:59 | 0.400 | 2,416,000 | B |
| 09:56:06 | 0.400 | 1,377,000 | A |
| 09:55:51 | 0.400 | 1,143,000 | A |
Balloting results and today it is first day trading, got alot of profit going for investors, Hi-0.40c liao
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101007:nSNA701201
| Yamada | CPF | -- | 0.360 | 0.395 | 0.000 | 0.0 | vol-53,296,000 | 1,318,000 | 0.395 | 0.400 | 4,936,000 | 0.400 | 0.355 |
Since it IPO at 0.22c.
| Yamada | CPF | 0.360c | 0.385c | 0.000 | 0.0 | vol-43,648,000 | 2,645,000 | 0.385 | 0.390 | 3,482,000 | 0.395 | 0.355 | AGR | SGD | -- | MC7 | MC7_R |